Exchange Rates, and factors that affects exchange rates with an example as a case study
9
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and submit my entry to the zealy quest adoption campaign. Today I would be tackling the topic Exhange Rate
which is a subtopic under Economy.
Exchange rates basically, refers to the rate at which one currency is exhanged with other countries currency.
It can be expressed in percentage, or even in APR (Annual Percentage Rate).
Exchange rates can be influenced by both the domestic currency valuue and also the foreign currency
value as well. Economic activity, unemployment rate of a country, gross domestic products, and
interest rate of the market has significant impact on the exchange rate.
To learn more about exchange rate, kidnly take your time and go through the video provided here.
Thank you all for your time and attention.
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